Rental Program
Our rental program is for seasoned investors who buy and rent residential properties up to 4 units.
Our rental program is for seasoned investors who buy and rent residential properties up to 4 units.
Loan Features
Loan Amount: $150,000 – $1,500,000 ($50,000/unit min.) |
Loan term: 30 years, 3 years fixed |
Prepay: 3% prepay first 3 years, 3/2/1 available |
Rates and points: Extremely competitive |
Maximum LTV: Up to 75% |
Cash out available: Certain terms apply |
Quick closing time: 10 days or less |
Underwriting: Flexible with minimal documentation |
Property types: Single-family residence, 2-4 units, townhome, planned unit development & condominium |
Markets: AZ, CA, CO, DC, FL, GA, MD, NC, TN, TX, VA & WA |
Occupancy: Non-owner occupied properties only |
Foreign nationals: Subject to a lower LTV threshold |
Minimum DSCR: 0.75 Note: DSCR = Gross Rental Income/PITIA (Principle, Interest, Taxes,Insurance, Association Dues) |
Loan Benefits
Create more opportunities with fast loan turnaround |
Easy lending with limited documentation required |
Simple process with loan based on DSCR vs. tax returns |